1. Summary Information
|
|
|
Country |
|
|
Company Name |
COOLEX
INDUSTRIES |
Principal Name 1 |
Mr. Arun Kaura |
|
Status |
Satisfactory |
Principal Name 2 |
-- |
|
|
|
Registration # |
-- |
|
Street Address |
# 3244, Second Floor, Sector 23-D, Chandigarh – 160023,
India |
||
|
Established Date |
2000 |
SIC Code |
-- |
|
Telephone# |
91-172-5052122/
2505212 |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
Insulated Hot and Cold Boxes |
|
|
# of employees |
15 (Approximately) |
Product Name 2 |
Ice Pads |
|
Paid up capital |
Rs.2,500,000/-(Estimated) |
Product Name 3 |
-- |
|
Shareholders |
Not Available |
Banking |
Punjab National Bank |
|
Public Limited Corp. |
NO |
Business Period |
12 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Sister
Concern |
India
|
M R Enterprise |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
-- |
Current Liabilities |
-- |
|
Inventories |
-- |
Long-term Liabilities |
-- |
|
Fixed Assets |
-- |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
-- |
|
Invest& other Assets |
-- |
Retained Earnings |
-- |
|
|
|
Net Worth |
-- |
|
Total Assets |
-- |
Total Liab. & Equity |
-- |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
25,000,000 |
Net Profit |
-- |
|
Sales(Previous yr) |
20,000,000 |
Net Profit(Prev.yr) |
-- |
|
Report Date : |
20.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
COOLEX INDUSTRIES (w.e.f. April, 2012)) |
|
|
|
|
Formerly Known
As : |
COOLEX ENTERPRISES |
|
|
|
|
Registered
Office : |
# 3244, Second Floor, Sector 23-D, Chandigarh - 160023 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Year of
Establishment : |
2000 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.500 Millions (Estimated) |
|
|
|
|
TIN No.: |
04570037359 |
|
|
|
|
PAN No.: [Permanent Account No.] |
ANBPK8924H |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Insulated Hot and Cold Boxes and Ice Pads. |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 10000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietory concern having satisfactory
track. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Arun Kaura |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9815001121 |
|
Date : |
17.09.2012 |
LOCATIONS
|
Registered Office : |
# 3244, Second Floor, Sector 23-D, Chandigarh – 160023,
India |
|
Tel. No.: |
91-172-5052122/ 2505212 |
|
Mobile No.: |
91-9815001121 (Mr. Arun Kaura) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
SCF 3, 1st Floor, Phase 11, Mohali, Chandigarh, India |
|
Tel. No.: |
91-172-4602754 |
SOLE PROPRIETOR
|
Name : |
Mr. Arun Kaura |
|
Designation : |
Proprietor |
|
Address : |
Chandigarh, India |
|
Date of Birth/Age : |
62 Years |
|
Qualification : |
Graduate |
|
Experience : |
42 Years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Insulated Hot and Cold Boxes and Ice Pads. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
Retailers Ice Cream ·
Amul ·
Vadilal ·
Mother Dairy ·
Cream Bell Bakeries ·
Monginis Foods Private Limited ·
Mothi Bakeries and Foods Private Limited Fresh Juices ·
Galla Foods Private Limited ·
Fresh Acres Fisheries
Exporters ·
Castle Rock Fisheries Limited ·
Gadre Marine Export Private Limited Star Hotels ·
Lavasa Corporation Limited ·
The Orchid Retail Chain ·
Amalgamated Bean Coffee ·
Radhakrishna Foodland Limited ·
Reliance Retail Limited Pharma
Industries ·
Torrent Pharmaceuticals Limited ·
Cadila Pharmaceuticals Limited ·
RPG Life sciences Chocolates ·
Cadbury ·
Nestle ·
Mars Dairy Products/
Milk ·
Creamline Neutrients Limited ·
GCMMF Limited ·
Rich Graviss Products Private Limited Frozen Foods ·
Fortune Gourmet Specialities ·
Haldiram Foods International Limited ·
Temptation Foods Limited Chicken ·
Venkey’s India Limited ·
Godrej Agro Vet Limited |
|
|
|
|
No. of Employees : |
15 (Approximately) |
|
|
|
|
Bankers : |
Punjab National Bank, Chandigarh, India |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
|
|
|
|
Sister Concern : |
Name: M R Enterprise Address: # 3244, Second
Floor, Sector 23-D, Chandigarh – 160023, India Line of
business: Consultants |
CAPITAL STRUCTURE
As on: 31.03.2012
|
Capital Investment : |
|
|
Owned : |
Rs.2.500 Millions (Estimated) |
|
Borrowed : |
-- |
|
Total : |
Rs.2.500 Millions (Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
31.03.2012 |
31.03.2011 |
|
Sales Turnover (Approximately) |
|
25.000 |
20.000 |
|
|
|
|
|
The above information has been parted by Mr. Arun Kaura
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last two years |
No |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
TRADE REFERENCE:
Ice Cream
·
Amul
·
Vadilal
·
Mother Dairy
·
Cream Bell
Bakeries
·
Monginis Foods Private Limited
·
Mothi Bakeries and Foods Private Limited
Fresh Juices
·
Galla Foods Private Limited
·
Fresh Acres
Fisheries Exporters
·
Castle Rock Fisheries Limited
·
Gadre Marine Export Private Limited
Star Hotels
·
Lavasa Corporation Limited
·
The Orchid
Retail Chain
·
Amalgamated Bean Coffee
·
Radhakrishna Foodland Limited
·
Reliance Retail Limited
Pharma Industries
·
Torrent Pharmaceuticals Limited
·
Cadila Pharmaceuticals Limited
·
RPG Life sciences
Chocolates
·
Cadbury
·
Nestle
·
Mars
Dairy Products/
Milk
·
Creamline Neutrients Limited
·
GCMMF Limited
·
Rich Graviss Products Private Limited, Pune
Frozen Foods
·
Fortune Gourmet Specialities
·
Haldiram Foods International Limited
·
Temptation Foods Limited
Chicken
·
Venkey’s India Limited
·
Godrej Agro Vet Limited
AS PER WEBSITE DETAILS:
PROFILE
Subject has been in cold chain management business
in India from last 15+ years. Their Customers base is from various sphere of
business to whom cold chain management is an integral part of their business,
their customers and their individual growth and to whom cold chain management
is a vital part of logistics. Cold Chain Management typically means
transportation of perishable food products like ice creams, chicken, meat,
bakery and other frozen food items and various other heat sensitive products
like medicines and Vaccines in the apt temperature.
With an objective to give value for money to
their customers, they have been continuously developing and innovating new
products and upgrading the existing product line. They follow the policy to
innovate and develop the products by continuously taking the feedback from
their esteemed customers and interacting with their frontline managers, which
is the prime reason that in such a short span Subject has taken the leading
position of innovative and manufacturing of multiple products used in cold
chain management and the prime reason of customer base of 1000+ organisation
Pan India.
As the company is founded by the one of the
most renowned name in Ice cream industry the company follows various strict performances
monitoring tools in the factory and in the field as well thus enjoying absolute
trust, worthiness and reliability and which helps in continuous up gradation of
their products and services.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.26 |
|
|
1 |
Rs.88.15 |
|
Euro |
1 |
Rs.71.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.